Las Vegas Area REO Inventory has RISEN since last report (+367 units), Under Contracts have RISEN (+38) units  Closing data has FALLEN (-162) units.  Low interest rates have spurred a flurry of buyer interest & activity this December and it continues.   REO sales accounted for 42% of all Las Vegas Area Valley resale closings in May 2010.  REO listings account for only 20% of total resale listings. Multiple offers are streaming in as banks continue to lower to fire and auction sale prices. Current Listed Bank Owned Statistics: Listings (6/15/2010):2146 Under Contract (6/15/2010): 2787 Sold May 2010:  1464 View Last Month's Report Here   To find the most recent report, click here 06/16/2010